Jubilant to focus on investment despite decline in profit

Jubilant FoodWorks, franchisee for Domino's Pizza and Dunkin Donuts in India has reported 9.3% fall in net profit at Rs 31.74 crore for the December quarter.

Despite all this fallout, the QSR chain says that it will continue to invest incrementally despite a challenging business environment.

"Although we have faced challenges in recent months, we will continue with investments,” said Ajay Kaul, CEO, Domino’s in a statement.

According to the company, the decline is attributed to higher expenses and employee benefits.

Same store sales in the quarter grew just 2% indicating continued softness in consumption of western style foods while net sales during the period under review went up 14.4% at Rs 633.76 crore.

In the third quarter, the food retailer set up 40 new Domino's Pizza and four Dunkin' Donuts stores.